If your organization has multiple assets at the heart of the business, you’ll know that an efficient asset management strategy, regardless of whether the assets are financial, physical or organizational, should contribute to better operating results, performance and ultimately improve your bottom line.

A new international suite of standards has been created to give guidance in asset management best practise. ISO 55001 focuses on helping you develop a proactive lifecycle asset management system. This supports optimization of assets and reduces the overall cost of ownership while helping you to meet the necessary performance and safety requirements.

An asset management system provides a structured, best practice approach to managing the lifecycle of assets.

• Reduced risks associated with ownership of assets – anything from unnecessary maintenance costs and inefficiency to accident prevention (explosions at gas plants for example)
• Improved quality assurance for customers/regulators – where assets play a key role in the provision and quality of products and services
• New business acquisition - stakeholders gain confidence from the knowledge that a strategy is in place to ensure assets meet the necessary safety and performance requirements
• Supports international business growth – demonstrating that the requirements of an internationally recognised asset management system are being met